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ROCKLAND, Mass. -- Tedeschi Foods Shops named Cardtronics Inc. as the exclusive ATM services provider for its entire convenience store network. This announcement represents an expansion of the nine-year relationship between the two companies.
Under the terms of the agreement, Cardtronics will upgrade Tedeschi's entire ATM network by replacing ATMs manufactured by itself and one other bank vendor, as well as adding 56 new ATM locations. In total, Tedeschi will have 186 Cardtronics ATMs.
"We’ve elected to expand our relationship with Cardtronics and name them our exclusive ATM partner as a cost-effective way for us to manage the daily activity of our ATMs, as well as the cost of keeping a fleet up-to-date with compliance and other technology upgrades," said Bob Tedeschi, executive vice president and treasurer for Tedeschi Food Shops. "Building on the long-term relationship we’ve enjoyed with Cardtronics is a smart way to provide a great experience for our customers and capitalize on marketing capabilities we did not previously possess."
According to Cardtronics, all Tedeschi Food Shops' ATMs participate in the manufacturer's Allpoint Network, the largest surcharge-free ATM network with 55,000 ATMs in the United States and beyond.
"Tedeschi Food Shops has found that partnering with Cardtronics to offer easy access to cash in their stores is a great way to drive traffic and boost merchandise sales," said Rick Updyke, president of Cardtronics' North American Business Group. "Deepening our relationship will help them enhance their customers’ ATM experience in-store, while eliminating the need for them to keep up with maintenance and service concerns for those machines. At the same time, this expanded relationship opens up new branding opportunities for our financial institution clients in prime New England locations."
Houston-based Cardtronics Inc. owns and operates 82,700 retail ATMs.
Rockland, Mass-based Tedeschi Food Shops was founded in 1923. The operator of 192 c-stores in Massachusetts and New Hampshire is known for its TD's Deli, Tedeschi Fresh Foods, Tedeschi Select and Tedeschi Fuel proprietary brands.